Off The Record – Workers’ Comp – Minimum Benefits Increase
Hi, Bill Turley from Turley, Redmond & Rosasco. Well, here’s some good news out of Albany. Governor Kathy Hochul recently signed a bill that’s gonna raise the minimum workers’ compensation rate from $150 per week to $275 a week in 2024. It’s gonna be raised further to $325 a week in 2025. And after that, in 2026, it’ll be based on the statewide average weekly wage. It’ll be one-fifth of the average weekly wage. You can learn more about this great piece of legislation by going to www.governor.ny.gov/news. So this is really good news for injured workers in New York State. If you have any questions relating to workers’ compensation, social security disability, or veterans benefits, please give us a call at 631-582-3700 or visit us on the web at www.nydisabilitylaw.com. This is Bill Turley from Turley, Redmond & Rosasco. Hoping you’re having a great day.